Business Services Procurement - Sourcing Manager

Legal & General; City Of London; Hybrid; GBP 65,000 - 86,000; Full time

Benefits offered by this job

Performance-related bonus plan

Generous pension contribution

Life assurance

Healthcare Plan

25+ days holiday

Electric car scheme

Retail discounts

Job summary

A leading financial services group in London seeks a Sourcing Manager to join their Business Services team. The successful candidate will manage procurement engagements, collaborate with senior stakeholders, and drive strategic procurement initiatives. Candidates should have a solid knowledge of category management, regulatory environments, and excellent communication skills. This role offers competitive salary and benefits, with hybrid working options available.

Qualifications

• In-depth knowledge of category management and sourcing execution.
• Good knowledge of contracting principles in a regulated environment.
• Strong analytical skills with procurement technology.

Responsibilities

• Manage various procurement engagements.
• Lead sourcing activities and negotiations.
• Collaborate with stakeholders to drive procurement initiatives.
• Monitor contract adherence and savings realization with SRM teams.

Skills

Knowledge of category management

Experience in regulated environments

Excellent oral and written skills

Collaboration skills

Adaptability

Contracting principles

Communication skills

Analytical thinking

Tools

Procurement technology

Master Services Agreements

Job description

Business Services Procurement - Sourcing Manager

Legal & General (L&G) is a leading UK financial services group and major global investor. We’ve been safeguarding people’s financial futures since 1836, striving to build a better society while improving the lives of our customers and creating value for shareholders.

We are one of the world’s largest asset managers and provide powerful asset origination capabilities. Together, these underpin our retirement and protection solutions: we are an international player in pension risk transfer, in UK and US life insurance, and in UK workplace pensions and retirement income.

Our Group Functions provide the services that all areas of the business need. This requires a talented and diverse team behind the scenes, who enable everyone at L&G to do what they do best.

Joining us means helping to improve the lives of our customers and contributing to the success of the business every day.

Job Description

We’re recruiting for a Sourcing Manager to join our Business Services team with knowledge and experience of Technology and Outsourcing procurement. We’re offering a competitive base salary and a strong benefits package.

Our Group Procurement team launched a 3-year transformation strategy in 2023 and secured investment in people and systems to deliver the vision of creating a Procurement Centre of Excellence for Legal and General.

We have embedded category management and expertise, drive innovative sourcing strategies and are partnering with stakeholders to become a strategic enabler for the business.

The Business Services sourcing team is a key component of the transformation activity taking place across L&G. We are looking for a Sourcing Manager who brings experience and knowledge, can work flexibly, and prioritises engagement and collaboration with our L&G colleagues to ensure great business partnering and to deliver the best outcomes.

A typical working week is two days in an office (Hove or London) and three days at home.

What you’ll be doing

• Managing a variety of procurement/sourcing engagements
• Leading and conducting sourcing activities and negotiations for renewals, in-life negotiations and new supplier engagements ensuring relevant control and governance requirements are met, as demand dictates
• Collaborating with senior stakeholders and cross-functional teams to drive strategic procurement initiatives
• Support monitoring of adherence to established contracts and realisation of savings, collaborating with contract management and supplier relationship management (SRM) teams as required
• Actively identify and lead opportunities to drive value and improve performance of potential supply base while seeking to reduce cost and risk and improve performance and value.
• Supporting the development and implementation of procurement strategies
• Ensuring all contracting and commitment to spend is undertaken and governed in accordance with compliance with procurement policies and procedures
• Contributing to the continuous improvement of procurement processes and tools
• Providing guidance and support to junior team members
• Participating in the transformation and optimisation of supply spend

Qualifications

• An in-depth knowledge of category management, sourcing execution and using procurement technology
• Experience of undertaking and managing activities and negotiations in a regulated environment
• A good knowledge of contracting principles and associated legal frameworks, understanding of spend categories, financial models, regulatory landscape, and impact on commercial agreements. A working knowledge of Master Services Agreements is essential
• A solid knowledge of tools and techniques to execute strategic sourcing (e.g., RFI and RFP processes, spend analytics, e-RFQ tools, etc.)
• Someone who is adaptable, collaborative and can drive good business outcomes
• Someone with a willingness to learn and a drive for continuous improvement
• Someone with the ability to use as appropriate their judgement, communication and influencing skills
• Excellent oral and written skills

Benefits

• The opportunity to participate in our annual, performance-related bonus plan and valuable share schemes
• Generous pension contribution
• Life assurance
• Healthcare Plan (permanent employees only)
• At least 25 days holiday, plus public holidays, 26 days after 2 years’ service. There’s also the option to buy and sell holiday
• Competitive family leave
• Participate in our electric car scheme, which offers employees the option to hire a brand-new electric car through tax efficient salary sacrifice (permanent employees only)
• There are the many discounts we offer – both for our own products and at a range of high street stores and online
• In 2023, some of our workspaces were redesigned. Our offices are great spaces to connect and collaborate and have your wellbeing at the heart

Additional Information

At L&G, we believe it's possible to generate positive returns today while helping to build a better future for all.

If you join us, you’ll be part of a welcoming, inclusive culture, with opportunities to collaborate with people of diverse backgrounds, views, and experiences. Guided by leaders with integrity who care about your future and wellbeing. Empowered through initiatives which support people to develop their careers and excel.

We care passionately about outcomes rather than attendance and are therefore open to discussing all kinds of flexible working options including part-time, term-time and job shares. Although some roles have limited flexibility due to customer demand, we accommodate requests when we can.

It doesn’t matter if you don’t meet every single criterion in this advert. Instead, think about what you excel at and what else you can bring in terms of strengths, potential and connection to our purpose.